Identify an option which says "Management is a profession".

Systematic body of knowledge

The correct answer is option (4)- Systematic body of knowledge.

A profession is characterised by:

• Well-defined principles
• Formal body of knowledge
• Systematic learning

Management satisfies this because it has theories, principles, and concepts that are studied and applied.

Why others are incorrect:

• Restricted entry: Management does not have compulsory licensing like doctors/lawyers.While many companies prefer MBAs, there is no legal law that stops a non-degree holder from being a manager.
• Based on creativity and practice: This relates more to art, not profession
• Based on experimentation: This relates more to science, not profession.